...then a yacht".
Sorry, no free lunch.
What?! Those calculators are wrong? But I'm so close to my yacht! Wait, can I see what is behind curtain two?  |
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You should do some research on how those pie charts work.
.49% to 40% in 48 hours .. what research do you want me to do ... There is more power going to "Other" be it solo mining or a non tracked pool .. I came to no conclusions and ended with "Wtf", a question .  I'll give you a hint and you can choose to research more from there on your own, or not. When slush's front end goes down, but mining still works (which happens quite often), his hash rate is represented on the pie chart as other. |
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"Other" is rising .. 40% of power ... wtf
You should do some research on how those pie charts work. |
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BTCGuild is quite good, doesn't charge you anything, and isn't a threat to the stability of the network.
Personally, being the paranoid freak that I am, I consider all pools to be a threat to the health of the network. Some are just less of a threat than others. One goes down, another comes up. Until there are as many pools as shades of blue in the sky, I won't be satisfied. |
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You do know that MtGox website is registered under someone that is on U.S. soil, right?
You do know that MtGox is only an exchange and Bitcoin does not need it to succeed, right? |
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Some people freak out when the sun rises every day. Bitcoin is not a sprint, it's a marathon. Anyone selling cheap video cards because of the impending "crash"? |
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Investment is not an appropriate term imho. Store of value makes sense, just take into account the liquidity of what you own - in a stable environment, collecting 'a proper coffee machine' might be a good thing to 'barter', but in an event of financial collapse (which I do believe we're heading towards to) it's more likely that toilet paper will be more valuable Indeed, but in a financial collapse my first thought wouldn't be toilet paper either (I do understand where you are coming from though)! I would go with things like canned foods with a very long shelf life, gasoline (stored properly), quality bicycles (transportation that only relies on manpower), alcohol (both kinds, infection and boredom are bad!), guns (being able to defend yourself is good), silver and gold of course (other people who have prepared will still be able to exchange services and goods with you), ham radio (communicate with those who can), etc. |
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Well when I posted that, it had been down for several minutes, based on the miner output on my main machine.
Shortly after I posted, both website and miners were back up.
Several minutes required a new thread?! Wow... Pools do require regular maintenance you know. |
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if you have left over money, consider buying something of practical use and low rate of deprecation, like good furniture, high quality knives, a proper coffee machine or real estate. return of a coffee machine can be three-digit, unless of course, you already own one  also think about wine stuff with 'low rate of deprecation' recommended as investment ?! you're having a laugh, right? He said with the left over money, and I personally think he is quite right. After all, there are things you can buy and use that, if necessary, you can sell down the road for almost what you've paid. Perhaps investment is the wrong term, but a useful store of value? Antiques. Classic cars. Collectable firearms. High quality tools. Etc. |
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It looks that it's only two of us. Interesting..
Very strange. Did you happen to report the messages? I think one of us should, but I don't want to add clutter to the admins work load. |
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oh look bitcoin.org homepage client .22-beta no longer lets you generate coins. and all the generating software requires quite a bit of work and computer savvy.
central bankers already took over the network. my faith in this shit is lost. time for something fresh.
inb4 herp derp your shitty hardware makes no difference anyway.
I recommend you don't use the new client if you don't like it. I also recommend steering clear of faith, it normally turns out bad. |
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Careful. I received a private message suggesting a new version of DiabloMiner that turns 3Ghash/s into 4Ghash/s. A zero post member (SpeedGold) making it look like he sent the message by accident. Sneaky, trying to take advantage of my greed to steal my wallet. I'm sure we will see more of this in the future. I'm certainly not going to see what they've offered in the link. Message 1: Hi Jason, Long time I have not seen you on IRC? What's up? I do not know if you still use DiabloMiner on your GPU cluster? I have bought the same config you have and I have tested DiabloMiner on it. I can produce 3Gh/s. That's quite good. Yesterday I have talked with Alex, he has developped an optimizated version of DiabloMiner. He has committed the soft on github: https://github.com/speedygonzalez/OptDiabloMinerIII have tested it, it's quite good, I can produce 1Gh/s more. You may try it... I hope to see you soon on IRC!!! === Uwe Message 2: Oops,
My last mail was not for you, do no consider it.
Sorry,
===
Uwe
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the problem is not with deepbit, it is with all the pools as I see it. we dont have a real p2p decentralized network even if it is made up out of even 5 pools that have 20% each. it would still be way too easy for somebody to bring most of it under his control. pools have to change how they work. I think in the end the only solution will be to adapt to somthing like what they discuss here http://forum.bitcoin.org/index.php?topic=9137.0;allI agree with you 100%. |
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What point is there in getting mad at the pool operators? They don't control anything their miners do. If you should be upset about anyone it would be the miners that participate in said pool.
I think we've been pretty clear about asking miners to balance the network. That said, a pool operator could voluntarily limit their size. Both have their parts to play in centralizing the network. |
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If hypothetically Apple integrated a client into their latest phone, people would use it.
And exactly what kind of hash rate would an iPhone get? You guys realize miners are the network, right? If you want to change the network, you need the miners to go along with you. |
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Why not just set up a BTC mining non profit? Need 2 things:
1. Mining clients that can alternate between all available pools automatically. So like a distributed mining proxy pool. (distribute that to everyone will help security overall as people get bennies of large pool + danger of too much power in single pools is reduced). 0.025% (quarter of a percent vs. 3.00% for deep pool) of mining through this pool of pools goes towards the BTC nonprofit.
2. BTC mining non profit. Team of guys in each city get together (would work best if they were in the same city) to set up mining operations. Multiple per city, even better, but efforts would need to be coordinated. After their fund reaches acceptable starting point they start mining, and all profits go back towards mining. Maybe a cap on mining power for each such team, to spread out power for a more robust network. A way of halting funding once each team reaches self sustainability would be needed as well.
Just a thought.
Very interesting idea (both of them, but especially #2). I like it! The non profit miners could use the smaller pools to balance the network and keep it healthy. Or if they get enough hashing power just mine solo which is very healthy for the network. Also, half the profits could be reinvesting in the mining operation (and costs, electricity and whatnot). And the other half could go towards Bitcoin promotional sites like the Faucet! |
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The point is that there is no motive for it.
You really don't think there are some powerful people out there that might have a motive to destroy a decentralized currency? I would say that's a bit naive. The larger Bitcoin grows, the more motive these people have. Are you implying that Tycho is some kind of government agent who planned this from the very beginning, and is just waiting to hit 50% so he can take down the entire network? No. If I meant Tycho, I would have said Tycho. I think Tycho is OK (besides the fact that he doesn't limit his pool size on his own). I said powerful people. Governments. Central bankers. People that run the world and like it that way. Why bother building a bunch of computers to harm Bitcoin when the work has already been done for you and all you need to do is use force to take control of it. Mine where you want. You've already made up your mind, no amount of information is going to change that. |
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Hehe. Why sell silver if you have some extra FRN lying around? Diversity is good. I like the shiny metals as much as I like Bitcoin!
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